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Financial Fitness Blog

Ten hazards to your wealth

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Jay LukasWant to stay fiscally healthy? Here are some financial hazards to avoid that can be a real detriment to your bottom line.

  1. Not saving early.
  2. Not saving enough.
  3. Credit card debt.
  4. Spending more than you earn.
  5. Not having adequate insurance coverage. (If you have insurance with Member Benefits, you may want to schedule a Midterm Policy Exam to review your coverage.)
  6. No budget. (Get a handle on your budget by using our interactive budget sheet.)
  7. Chasing the market.
  8. Paying unnecessary fees. (Learn more about why fees matter.)
  9. No emergency fund.
  10. Not understanding what you are buying.

As always, if you have any questions about retirement, insurance, or financial planning, give us call. View our contact information page.

Jay Lukas, Senior RIS Specialist

This blog is for informational purposes only and not intended to be legal or tax advice. Consult your tax advisor or attorney before taking any action.